SEC Form 4 · accession 0000919574-18-002742
FENNEC PHARMACEUTICALS INC. · FENC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
MANCHESTER MANAGEMENT CO LLC
10% Owner
Manchester Explorer, L.P.
10% Owner
James E Besser
10% Owner
Morgan C. Frank
10% Owner
MANCHESTER MANAGEMENT PR, LLC
10% Owner
Period of report
Jan 27, 2016
Accepted (ET)
Mar 29, 2018 · 4:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001211583
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 27, 2016 | P | 4,800 | $1.98 | A | 2,022,157 | I | See footnote |
| Common StockF3 | Jan 27, 2016 | P | 4,800 | $1.98 | A | 1,496,274 | D | |
| Common StockF1,F2 | Jan 28, 2016 | P | 4,000 | $2.10 | A | 2,026,157 | I | See footnote |
| Common StockF3 | Jan 28, 2016 | P | 4,000 | $2.10 | A | 1,500,274 | D | |
| Common StockF1,F2 | Feb 9, 2016 | P | 3,000 | $1.67 | A | 2,029,157 | I | See footnote |
| Common StockF3 | Feb 9, 2016 | P | 3,000 | $1.67 | A | 1,503,274 | D | |
| Common StockF1,F2 | Feb 10, 2016 | P | 11,000 | $1.63 | A | 2,040,157 | I | See footnote |
| Common StockF3 | Feb 10, 2016 | P | 11,000 | $1.63 | A | 1,514,274 | D | |
| Common StockF1,F2 | Feb 11, 2016 | P | 10,100 | $1.67 | A | 2,050,257 | I | See footnote |
| Common StockF3 | Feb 11, 2016 | P | 10,100 | $1.67 | A | 1,524,374 | D | |
| Common StockF1,F2 | Apr 19, 2016 | P | 20,000 | $1.92 | A | 2,070,257 | I | See footnote |
| Common StockF3 | Apr 19, 2016 | P | 20,000 | $1.92 | A | 1,544,374 | D | |
| Common StockF1,F2 | Apr 21, 2016 | P | 11,000 | $2.02 | A | 2,081,257 | I | See footnote |
| Common StockF3 | Apr 21, 2016 | P | 11,000 | $2.02 | A | 1,555,374 | D | |
| Common StockF1,F2 | May 19, 2016 | P | 5,000 | $2.45 | A | 2,086,257 | I | See footnote |
| Common StockF3 | May 19, 2016 | P | 5,000 | $2.45 | A | 1,560,374 | D | |
| Common StockF1,F2 | May 25, 2016 | P | 300 | $2.45 | A | 2,086,557 | I | See footnote |
| Common StockF3 | May 25, 2016 | P | 300 | $2.45 | A | 1,560,674 | D | |
| Common StockF1,F2 | May 26, 2016 | P | 2,425 | $2.36 | A | 2,088,982 | I | See footnote |
| Common StockF3 | May 26, 2016 | P | 2,425 | $2.36 | A | 1,563,099 | D | |
| Common StockF1,F2 | May 31, 2016 | P | 15,700 | $2.59 | A | 2,104,682 | I | See footnote |
| Common StockF3 | May 31, 2016 | P | 15,700 | $2.59 | A | 1,578,799 | D | |
| Common StockF1,F2 | Jul 5, 2016 | P | 1,000 | $2.23 | A | 2,105,682 | I | See footnote |
| Common StockF3 | Jul 5, 2016 | P | 1,000 | $2.23 | A | 1,579,799 | D | |
| Common StockF1,F2 | Jul 29, 2016 | P | 7,000 | $2.30 | A | 2,112,682 | I | See footnote |
| Common StockF3 | Jul 29, 2016 | P | 7,000 | $2.30 | A | 1,586,799 | D | |
| Common StockF1,F2 | Aug 4, 2016 | P | 100 | $2.32 | A | 2,112,782 | I | See footnote |
| Common StockF3 | Aug 4, 2016 | P | 100 | $2.32 | A | 1,586,899 | D | |
| Common StockF4 | holding | — | — | — | 192,666 | D | ||
| Common StockF5 | holding | — | — | — | 166,666 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Manchester Management PR, LLC, a Puerto Rico limited liability company, provides investment management services to private individuals and institutions, including Manchester Explorer, L.P. The reported securities are indirectly beneficially owned by Manchester Management PR, LLC as a result of it having investment discretion over certain advisory accounts it manages and by Manchester Management Company, LLC as a result of it being the general partner over certain advisory accounts. The reported securities may also be deemed to be indirectly beneficially owned by James E. Besser, as the Managing Member of Manchester Management PR, LLC and as a Managing Member of Manchester Management Company, LLC, and by Morgan C. Frank, who serves as a portfolio manager and a consultant of Manchester Management Company, LLC.
- F2Each of the Reporting Persons disclaim beneficial ownership of the reported securities and warrants except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Persons are the beneficial owners of the securities and warrants for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F3The reported securities are directly owned by Manchester Explorer, L.P., a Delaware limited partnership.
- F4The reported securities are directly owned by James E. Besser in his personal capacity.
- F5The reported securities are directly owned by Morgan C. Frank in his personal capacity.
Remarks
This is the first part of a Form 4 filing for the reporting persons. There are four parts to this Form 4 filing because of the constraint of a 30 transaction line maximum for tables in a Form 4.